Benjamin F. Edwards & Company Inc. boosted its position in shares of Visa Inc (NYSE:V) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,894 shares of the credit-card processor’s stock after acquiring an additional 542 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Visa were worth $4,494,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of V. Norges Bank bought a new stake in shares of Visa in the 4th quarter valued at approximately $3,303,463,000. M&G Investment Management Ltd. purchased a new stake in shares of Visa in the fourth quarter worth approximately $235,333,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Visa in the first quarter worth approximately $182,892,000. Renaissance Technologies LLC raised its holdings in shares of Visa by 1,683.4% in the fourth quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock worth $167,889,000 after buying an additional 843,400 shares during the period. Finally, Investec Asset Management LTD raised its holdings in shares of Visa by 15.9% in the fourth quarter. Investec Asset Management LTD now owns 5,875,039 shares of the credit-card processor’s stock worth $1,103,920,000 after buying an additional 808,021 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on V shares. Robert W. Baird increased their price target on Visa from $166.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Zacks Investment Research upgraded Visa from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a report on Sunday, May 3rd. Barclays reduced their price objective on Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Raymond James raised their price objective on Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, BMO Capital Markets reduced their price objective on Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $203.00.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $174.04, for a total transaction of $1,218,280.00. Following the completion of the sale, the chief executive officer now directly owns 145,090 shares in the company, valued at approximately $25,251,463.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lynne Biggar sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total value of $1,161,490.00. Following the transaction, the executive vice president now owns 19,370 shares in the company, valued at $4,090,556.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,500 shares of company stock valued at $4,782,030. 0.19% of the stock is owned by company insiders.

Shares of Visa stock opened at $183.49 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The business has a 50-day moving average price of $169.86 and a 200 day moving average price of $183.15. The firm has a market cap of $359.72 billion, a PE ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the business earned $1.31 EPS. Visa’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc will post 4.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is currently 22.06%.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Featured Story: The basics of gap trading strategies

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.